Ultimate Associates Private Limited
About Ultimate Associates Private Limited
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Ultimate Associates Private Limited is a private limited company based in Ludhiana, Punjab, India. It was incorporated on 19 October 2023.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U66190PB2023PTC059844.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rahul Bamba and Vijay Soni.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at SCO No. 79 New Grain Market, Gill Road Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.17 Lakh (net margin 4.6%) and EBITDA of ₹16.4 Lakh (EBITDA margin 8.3%).
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- Registered AddressSCO No. 79 New Grain Market, Gill Road Ludhiana, Punjab, India – 141003
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business Activity of Ultimate Associates Private Limited
The main business activity of Ultimate Associates is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ultimate Associates Private Limited FY 2025 filings available
Ultimate Associates Private Limited reported revenue of ₹1.98 Cr (up 2543% YoY) for FY 2025.
Financial Statement Summary of Ultimate Associates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹16.4 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹9.17 Lakh | •••• |
| Balance Sheet | ||
| Share Capital | •••• | •••• |
| Reserves and Surplus | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• |
| Long-term Borrowings | •••• | •••• |
| Short-term Borrowings | •••• | •••• |
| Trade Payables | •••• | •••• |
| Total Liabilities | •••• | •••• |
| Fixed Assets | •••• | •••• |
| Investments | •••• | •••• |
| Inventories | •••• | •••• |
| Trade Receivables | •••• | •••• |
| Cash and Bank Balance | •••• | •••• |
| Total Assets | •••• | •••• |
Financial Ratios of Ultimate Associates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 8.3% | •••• |
| Net Profit Margin | 4.6% | •••• |
| Return on Equity (ROE) | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• |
| Liquidity and Debt | ||
| Current Ratio | •••• | •••• |
| Quick Ratio | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• |
| Efficiency and Growth | ||
| Asset Turnover | •••• | •••• |
| Receivable Days | •••• | •••• |
| Payable Days | •••• | •••• |
| Inventory Days | •••• | •••• |
| Revenue Growth | •••• | •••• |
| Net Profit Growth | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ultimate Associates are in the company report.
Financial statements from FY 2024
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ultimate Associates Private Limited
Ultimate Associates Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asset Financial Consultants Private Limited | ₹1.98 Cr (FY 2022) | •••• | •••• | 135.0% | •••• | Pune, Maharashtra, India |
| Edusquare Services (India) Private Limited | ₹1.98 Cr (FY 2023) | •••• | •••• | 65941.0% | •••• | Kolkata, West Bengal, India |
| Dhar Constructions Ltd | ₹1.98 Cr (FY 2022) | •••• | •••• | 283.0% | •••• | Kolkata, West Bengal, India |
| Nobel Assets Management Private Limited | ₹1.98 Cr (FY 2021) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Magnus India Consulting Services Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Kanjurmarg West, Maharashtra, India |
| Ultimate Associates Private Limited this company | ₹1.98 Cr (FY 2025) | •••• | •••• | 2543.0% | •••• | Ludhiana, Punjab, India |
| P.R.B. Finance Company Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | New Delhi, Delhi, India |
| Larimar Advisors India Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | -77.0% | •••• | Mumbai, Maharashtra, India |
| Sunone Power Solutions Private Limited | ₹1.98 Cr (FY 2023) | •••• | •••• | -13.0% | •••• | Hyderabad, Telangana, India |
| Apl Consultants Private Limited | ₹1.98 Cr (FY 2024) | •••• | •••• | -30.0% | •••• | New Delhi, Delhi, India |
| STM Projects Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ultimate Associates by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Ultimate Associates Private Limited
Ultimate Associates has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Bamba | Director | 19 Oct 2023 | 2 Years 11 Months | Current |
| Vijay Soni | Director | 09 Apr 2024 | 2 Years 6 Months | Current |
| Gaurav Behl | Director | 09 Apr 2024 | 2 Years 6 Months | Current |
| Rohit Bamba Also directs: Infusion Brands Private Limited, SME Growth Services LLP | Director | 19 Oct 2023 | 2 Years 11 Months | Current |
Charges & Borrowings of Ultimate Associates Private Limited
Ultimate Associates Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ultimate Associates Private Limited
Employment history and EPFO contributions of people linked to Ultimate Associates.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ultimate Associates Private Limited
Ultimate Associates Private Limited has 6 board changes on record since 2023: 4 appointments and 2 cessations. The latest: Gaurav Behl ceased to be Additional Director on 25 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Ultimate Associates Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ultimate Associates Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ultimate Associates Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ultimate Associates Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ultimate Associates Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ultimate Associates Private Limited
Ultimate Associates is an active private limited company based in Ludhiana, Punjab, India. It was incorporated on 19 October 2023 (3+ years old) and is registered under CIN U66190PB2023PTC059844.
Ultimate Associates reported revenue of ₹1.98 Cr for FY 2025 (up 2543% YoY).
Ultimate Associates has 4 current directors:
- Rahul Bamba - Director
- Vijay Soni - Director
- Gaurav Behl - Director
- Rohit Bamba - Director
Ultimate Associates reported a net profit of ₹9.17 Lakh (net margin 4.6%) and EBITDA of ₹16.4 Lakh (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Ultimate Associates is U66190PB2023PTC059844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultimate Associates was incorporated on 19 October 2023, making it 3+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ultimate Associates by revenue are Asset Financial Consultants Private Limited, Edusquare Services (India) Private Limited, Dhar Constructions Ltd, Nobel Assets Management Private Limited, Magnus India Consulting Services Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Gaurav Behl ceased to be Additional Director on 25 Dec 2024. Vijay Soni ceased to be Additional Director on 25 Dec 2024. Gaurav Behl was appointed as Director on 09 Apr 2024. Ultimate Associates has 6 board changes on record in total.
The registered office of Ultimate Associates is at SCO No. 79 New Grain Market, Gill Road Ludhiana, Punjab, India – 141003.
Ultimate Associates has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh.
No. Ultimate Associates is not listed on any stock exchange. It is an unlisted company.